Lottery Singapore is a game of chance, where players buy their selected number combinations and hope that they will win cash prizes. The amount of cash prize depends on the rank that the numbers are drawn, with the first prize or jackpot giving the highest payout.
Founded in 1968, Lottery Singapore is a subsidiary of Singapore Pools (Private) Ltd. The company is authorised by the Lotteries and Sports Authority of Singapore (Tote Board) to operate lottery games and horse racing.
The statutory body also operates a totalisator system that allows Singaporeans to place bets on races, sports and other events. Its annual report shows that SGD9.2 billion was spent on betting products in the past financial year, which ended this March.
There are a few games available in Singapore, including 4-D, Toto and Singapore Sweep. The Singapore Toto is the most popular game in Singapore with 58 percent of its population participating in it at least once a year.
It is a simple game where players choose six numbers from 1 to 49 and a supplementary number that determines a few of the prize tiers. The odds of winning the jackpot are 1 in 13,983,816 and there are 6 additional prize tiers with prizes ranging from 10 to $1 million.
Toto is a fun and neat game that has made it a favorite amongst many Singaporeans. It is one of the most popular lottery games in the world and surveys show that 58 percent of the population has played it at least once.